JICHODO Co.,Ltd. announces an Equity Buyback for 120,000 shares, representing 0.83% for ¥183.6 million.
May 23, 2017 at 03:30 am EDT
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JICHODO Co.,Ltd. (TSE:3597) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 0.83% of the outstanding shares, at ¥1,530 per share for ¥183.6 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of March 31, 2017, the company had 14,540,155 shares outstanding and 1,613,351 shares in treasury.
JICHODO Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of clothing. The Company is mainly engaged in the plan, manufacture and sale of uniforms, men's casual wear, medical lab coats, and safety shoes. The main brands include Jichodo, Jawin, Z-DRAGON, Mr. JIC, tomoeSAKURA, Code Name G, SAFETY SHOES, WHISeL and others.